we have not done any transaction up to january & we have not file any return now how can i file the reurn and what is the penalty for it.

Sir,

One of my client is a Menufacturer of Garments. He takes Vat credit of every bill raised to its name, for Eg. If he eats in a restaurant for the sake of Bussiness Promotion, and suppose the bill is for Rs. 1000 and the vat Element is Rs 120.. Then in his book he books the expense as ...
Sales Promotion A/C ... Dr. 1000
Vat input Tax A/C ......Dr. 120
To Cash / Bank 1120

Sir is this correct? Can he book like this...
Please reffer to some notification and Sections if possible..
thank You

my client is a builder he builds residential floors in 2 scenarios

1.he gets into a contract with party and takes one floor and makes rest of house for him

2. he takes own plot and sells floor wise

i want to know service tax and vat applicability i want to further add

suppose he incurrs cost of 50 lakh in building the whole structure and sells his floor for 60 lakh and two sixty lakh floors given to the client free of cost rate of vat is 12.5% and service tax is 10.3% on which amt vat and service tax is levied

hi

I would like to know what are the present rates of Machinery Items / spares of Liquid nitrogen gas plant at Delhi and Haryana:

In Delhi :

To Delhi Registered Dealer

To Delhi Non-Registered Dealer

Outside Delhi to Registered Dealer with C Form

Outside Delhi to Non-Registered Dealer without C Form

In Hayrana :

To Haryana Registered Dealer

To Haryana Non-Registered Dealer

Outside Haryana to Registered Dealer with C Form

Outside Haryana to Non-Registered Dealer without C Form

WE ARE BUYING MATERIAL WORTH MORE THAN TEN LAKHS FROM A SOLE PROPRIETOR AND HE IS GIVING US INVOICE WITHOUT VAT.

ARE WE IN ANY WAY LIABLE FOR VAT.

SHOULD WE INSIST HIM TO GIVE A VAT INVOICE BECAUSE THE SAME IS APPLICABLE.

WE ARE IN SERVICE INDUSTRY NOT SUBJECT TO VAT AND SET OFF CREDIT AVAILABLE ON VAT FOR US.

Dear Sir,
Please resolve my query

Whether Revised Returns filed after 31st December can be considered by MVAT Auditor for audit.
my email id is admin@akns.org

Thanks in Advance

Regards
CA Anant P Kumat
Nasik

Sir,

what is Diffrence of Tax invoice & Retail Invoice pl brief knowledge of This topic

My Client is a Private Ltd. Company. They are given contract for electrical fitting and installation, Contract for futniture and such other contract. And contrcator charge MVAT as per composition Scheme @ 8%. Can Company get set off of the MVAT Paid

Sir / Madam my client is devveloper of land & constrct buildings. My question is whether he is liable to take VAT Tin No. & He has deucted TDS on Works contract, how he can pay it to government tresury withought TIN no in maharashtra

Resp Sir,

we have Agro based Public ltd co., my ques is if we purchase some items with VAT (we have taken setoff of it), if the supplier didnt paid the VAT collected ....then who is liable to pay VAT...ifi m liable (BUYER) then how can crosscheck / verify the payment of VAT by supplier.

thanks in advance.

Regards,

Rahul